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Estate Administration and Probate

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No matter how large or how small, every person should protect themselves and the interests of their loved ones by developing some type of estate plan.

An estate is the total property owned by a deceased individual prior to the distribution of such property in accordance with the terms of a will or by the laws of intestacy if there is no will, or by some trust document.

Probate is the court procedure by which the will is determined to be valid and just what the property is that is to be governed by the will and encompassed in the estate and how this property is to be distributed. The creditors are then paid and fees for the administration of the estate are to be approved and then the assets finally distributed. It is important to preserve as much of the assets as possible. The attorney will be able to advise the executor or executrix of the estate, ways and methods to minimize estate and income taxes and whether assets should be valued at the date of the decedent’s death or six months later or whatever other particular tax laws may be appropriate.

Contrary to popular belief, the probate of most estates is straightforward. This process serves as insuring that the assets of an individual’s estate are distributed to creditors, heirs and beneficiaries. There are many methods for avoiding probate and distributing the assets at time of death versus going through the probate process and this too, your attorney at Dorazio Law Group, P.C. can assist you with. Our broad legal knowledge coupled with our financial and tax expertise makes us perfectly suited to estate planning and administration.